In a recent update from Riyad Bank, the Composite Purchasing Managers' Index (PMI) for Saudi Arabia has exhibited a notable decline. The latest data, updated on May 5, 2025, reveals that the PMI has decreased from 58.1 in March to 55.6 in April 2025.
The Riyad Bank Composite PMI is a crucial economic indicator, reflecting the health of the country's manufacturing and services sectors. It offers insights into current business conditions and guidance for future economic policy adjustments. The decline indicates a slight slowdown in economic activity, which can be attributed to various factors that might be impacting demand or operational conditions within these sectors.
While a PMI reading above 50 still signals expansion, the drop from March's 58.1 suggests a cooling in growth momentum. Market analysts will be closely monitoring how this trend develops in the coming months, as Saudi Arabia continues to navigate through broader economic challenges and opportunities.
